ITDE vs. SWYHX

Last updated Jun 4, 2026

ITDE (Ishares Lifepath Target Date 2045 ETF) and SWYHX (Schwab Target 2045 Index Fund) are both Target Retirement Date funds. Over the past year, ITDE returned 25.23% vs 25.55% for SWYHX. With a 0.98 correlation, they move nearly in lockstep. ITDE charges 0.11%/yr vs 0.04%/yr for SWYHX.

Performance

ITDE vs. SWYHX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Ishares Lifepath Target Date 2045 ETF (ITDE) and Schwab Target 2045 Index Fund (SWYHX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ITDE achieves a 10.49% return, which is significantly lower than SWYHX's 11.33% return.

ITDE

• 1D: -0.64%
• 1M: 4.12%
• YTD: 10.49%
• 6M: 11.17%
• 1Y: 25.23%
• 3Y*: —
• 5Y*: —
• 10Y*: —

SWYHX

• 1D: 0.30%
• 1M: 4.71%
• YTD: 11.33%
• 6M: 11.84%
• 1Y: 25.55%
• 3Y*: 18.34%
• 5Y*: 9.68%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

ITDE vs. SWYHX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
ITDE Ishares Lifepath Target Date 2045 ETF	10.49%	19.34%	14.62%	13.21%
SWYHX Schwab Target 2045 Index Fund	11.33%	18.65%	13.72%	13.31%

Correlation

The correlation between ITDE and SWYHX is 0.99 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.99
Correlation (All Time) Calculated using the full available price history since Oct 20, 2023	0.98

The correlation between ITDE and SWYHX has been stable across timeframes, ranging from 0.98 to 0.99 - a consistent structural relationship.

ITDE vs. SWYHX - Sectors Allocation Comparison

Sectors	ITDE	SWYHX
Technology	25.8%	27.1%
Financial Services	15.3%	15.1%
Industrials	11.7%	11.2%
Consumer Cyclical	8.9%	8.9%
Healthcare	7.9%	7.8%
Communication Services	7.8%	7.6%
Real Estate	6.7%	7.5%
Consumer Defensive	4.6%	4.6%
Energy	4.3%	4.0%
Basic Materials	4.1%	3.7%
Utilities	2.9%	2.5%

Return for Risk

ITDE vs. SWYHX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ITDE

ITDE Risk / Return Rank: 68
ITDE Sharpe Ratio Rank: 69
ITDE Sortino Ratio Rank: 71
ITDE Omega Ratio Rank: 69
ITDE Calmar Ratio Rank: 60
ITDE Martin Ratio Rank: 70

SWYHX

SWYHX Risk / Return Rank: 69
SWYHX Sharpe Ratio Rank: 71
SWYHX Sortino Ratio Rank: 68
SWYHX Omega Ratio Rank: 64
SWYHX Calmar Ratio Rank: 69
SWYHX Martin Ratio Rank: 76

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ITDE vs. SWYHX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Ishares Lifepath Target Date 2045 ETF (ITDE) and Schwab Target 2045 Index Fund (SWYHX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	ITDE	SWYHX	Difference
Sharpe ratio: Return per unit of total volatility	2.31	2.45	-0.14
Sortino ratio: Return per unit of downside risk	3.25	3.42	-0.17
Omega ratio: Gain probability vs. loss probability	1.42	1.45	-0.02
Calmar ratio: Return relative to maximum drawdown	3.00	3.19	-0.19
Martin ratio: Return relative to average drawdown	13.19	14.32	-1.13
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ITDE vs. SWYHX - Sharpe Ratio Comparison

The current ITDE Sharpe Ratio is 2.31, which is comparable to the SWYHX Sharpe Ratio of 2.45. The chart below compares the historical Sharpe Ratios of ITDE and SWYHX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	ITDE	SWYHX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.31	2.45	-0.14
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.69	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.78	0.75	+1.03

Drawdowns

ITDE vs. SWYHX - Drawdown Comparison

The maximum ITDE drawdown since its inception was -14.67%, smaller than the maximum SWYHX drawdown of -29.41%. Use the drawdown chart below to compare losses from any high point for ITDE and SWYHX.

Drawdown Indicators

	ITDE	SWYHX	Difference
Max Drawdown Largest peak-to-trough decline	-14.67%	-29.41%	+14.74%
Max Drawdown (1Y) Largest decline over 1 year	-8.44%	-8.14%	-0.30%
Max Drawdown (3Y) Largest decline over 3 years	—	-14.14%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-24.92%	—
Current Drawdown Current decline from peak	-0.64%	0.00%	-0.64%
Average Drawdown Average peak-to-trough decline	-1.42%	-4.38%	+2.96%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.92%	1.81%	+0.11%

Volatility

ITDE vs. SWYHX - Volatility Comparison

Ishares Lifepath Target Date 2045 ETF (ITDE) has a higher volatility of 3.45% compared to Schwab Target 2045 Index Fund (SWYHX) at 3.22%. This indicates that ITDE's price experiences larger fluctuations and is considered to be riskier than SWYHX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ITDE	SWYHX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.45%	3.22%	+0.23%
Volatility (6M) Calculated over the trailing 6-month period	8.81%	8.41%	+0.40%
Volatility (1Y) Calculated over the trailing 1-year period	10.97%	10.63%	+0.34%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.90%	14.09%	-1.19%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.90%	15.01%	-2.11%

ITDE vs. SWYHX - Expense Ratio Comparison

ITDE has a 0.11% expense ratio, which is higher than SWYHX's 0.04% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

ITDE vs. SWYHX - Dividend Comparison

ITDE's dividend yield for the trailing twelve months is around 1.68%, less than SWYHX's 1.87% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
ITDE Ishares Lifepath Target Date 2045 ETF	1.68%	1.86%	1.64%	0.87%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SWYHX Schwab Target 2045 Index Fund	1.87%	2.08%	2.13%	2.02%	1.98%	1.80%	1.65%	1.96%	2.23%	1.42%	1.05%

Frequently Asked Questions

Can I hold both ITDE and SWYHX in my portfolio?

With a correlation of 0.99, ITDE and SWYHX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, ITDE or SWYHX?

ITDE has higher volatility (3.45%) compared to SWYHX (3.22%). In terms of maximum drawdown, ITDE dropped -14.67% vs SWYHX's -29.41%.

Which has better risk-adjusted returns?

SWYHX currently has the higher Sharpe Ratio (2.45 vs 2.31), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.